The harmonised competitiveness indicators provide consistent and comparable measures of the euro area countries’ price and cost competitiveness that are also consistent with the real effective exchange rate of the euro vis-à-vis 41 trading partners.


Download data for harmonised competitiveness indicators.


The harmonised competitiveness indicators (HCIs) are constructed using the same methodology and data sources as for the nominal and real effective exchange rates of the euro. For euro area countries, the HCIs are calculated vis-à-vis the same 41 trading partners plus the other euro area countries. A positive/negative change indicates a decrease/increase in price competitiveness.

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